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9423 Evergreen Way
Everett, WA 98204
NAPA Auto Parts Everett · Retail Property For Sale
Investment Highlights
- Corporate NNN Lease with NAPA Auto Parts
- Low Price per Foot (Priced Below Assessed Value)
- 2.5 Years Remaining on Base Term + 4 (5-year) Options
- Significant Rental Upside – Current Rate is ~40% Below Market
- 5.50% Current Cap Rate on Existing Income
- Building is in Excellent Condition – Brand New Roof in 2025
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
1981
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.38
Lot Size
0.64 AC
Zoning
C1
Parking
18 Spaces (1.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 004802-005-007-00 | Improvements Assessment | $1,231,500 |
| Land Assessment | $1,081,100 | Total Assessment | $2,312,600 |
Property Taxes
Parcel Number
004802-005-007-00
Land Assessment
$1,081,100
Improvements Assessment
$1,231,500
Total Assessment
$2,312,600
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